European shares rise but Fed's tougher tone limits gains

jueves 30 de octubre de 2014 13:33 GYT

(Updates with closing prices, details)

* FTSEurofirst 300 up 0.6 pct, Euro STOXX 50 up 0.5 pct

* Alcatel shares rise in short covering rally

* Fugro sinks for second day after scrapping dividend

By Blaise Robinson

PARIS, Oct 30 (Reuters) - European stocks ended higher on Thursday following a roller-coaster session, as positive corporate results and strong U.S. growth figures helped offset the Federal Reserve's tougher tone on policy.

Earnings helped lift sentiment, with Renault gaining 2.9 percent after the automaker posted a rise in third-quarter revenue and upgraded its European auto market growth forecast for the full year.

Dutch chip equipment maker ASM International surged 13 percent after reporting strong orders and posting quarterly results that traders said were above analysts' forecasts, in a sharp contrast with recent disappointing results and outlooks in the tech sector.

Alcatel-Lucent jumped 16 percent after the telecoms gear maker said it had squeezed out more costs to improve its gross profit margin to a better-than-expected 34 percent, sending hedge fund short sellers scrambling to unwind negative bets on the stock.   Continuación...